MI TECHNOVATION BERHAD

KLSE (MYR): MI (5286)

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Last Price

1.85

Today's Change

-0.02 (1.07%)

Day's Change

1.84 - 1.86

Trading Volume

414,700


9 people like this.

6,755 comment(s). Last comment by Mitchell79 1 week ago

goody99

1,762 posts

Posted by goody99 > 2023-04-17 09:03 | Report Abuse

it does not look good.

家俊

141 posts

Posted by 家俊 > 2023-04-17 10:19 | Report Abuse

hmm looks like will reach 0.382fib before bounce which is rm1.62
its a dead town now. no one active. hahaha

goody99

1,762 posts

Posted by goody99 > 2023-04-17 12:34 | Report Abuse

what is the price if it drops to 0.5fib?

家俊

141 posts

Posted by 家俊 > 2023-04-17 14:05 | Report Abuse

then they will continue keep quite until it soar back to previous ATH.
stating they been sapu all the while. lol

Posted by NoTimeToTrade > 2023-04-17 14:11 | Report Abuse

if fall to 0.382, the large green candle will be cancelled, means further down

goody99

1,762 posts

Posted by goody99 > 2023-04-19 09:15 | Report Abuse

I am a bit concerned about its next few earnings. The last QR was better than expected while some other tech companies struggled. Is it possible that due to lag factor the slow down in demand will only show up in the next few quarters?

家俊

141 posts

Posted by 家俊 > 2023-04-19 11:43 | Report Abuse

It's a fact that all tech company will be slowed down after pandemic especially for the electronic device chip.

Exception for the e-vehicle related tech.

kutipkutip

1,100 posts

Posted by kutipkutip > 2023-04-27 16:39 | Report Abuse

1.650 boleh cuba untuk rebound besok . ambil peluang market malam ni hijau .

kutipkutip

1,100 posts

Posted by kutipkutip > 2023-04-27 16:48 | Report Abuse

1.640 harga tutup menarik , 3 hari operator sengaja maintain atas support 1.630 tunggu market rebound !

Posted by NoTimeToTrade > 2023-05-05 12:37 | Report Abuse

Mi went below the large green candle last week, and today just touched its .382fib support, whether we'll see a strong reversal candle next monday or a continuation down, will depend on this evening's Q1 report.

Phoebe

406 posts

Posted by Phoebe > 2023-05-07 14:14 | Report Abuse

Mi Malaysia tax benefit expire on 31st Jan 2024. I think all the SEBU is under Mi(M). They have only 1 year left until they nd to pay taxes. Current Taxes is about 12%+ by financial yr 2024, they nd to pay at least 20%. FY22, saw a forex gain of 3.8 mil. If remove the forex gain and assuming same revenue and with 20% tax, my fair price should be anything below rm1.20.

家俊

141 posts

Posted by 家俊 > 2023-05-08 16:02 | Report Abuse

Posted by NatsukoMishima > 2022-09-15 09:12 | Report Abuse

1.51 otw !

Phoebe

406 posts

Posted by Phoebe > 2023-05-08 20:22 | Report Abuse

Compare to Q1’22, Revenue down by 15% but profit margin down by 50%???

Posted by EatCoconutCanWin > 2023-05-08 20:27 | Report Abuse

Below rm1 sapu

家俊

141 posts

Posted by 家俊 > 2023-05-08 20:42 | Report Abuse

Q result as expected for semicon industry

lloydlim

3,920 posts

Posted by lloydlim > 2023-05-08 21:21 | Report Abuse

Possible limit down tmr!

goody99

1,762 posts

Posted by goody99 > 2023-05-08 21:27 | Report Abuse

the top 2 tech stocks reported good QR in Jan-March -- Unisem and MI both reported bad QR this time. I am afraid the downtrend of tech stocks will continue in the next few months

Phoebe

406 posts

Posted by Phoebe > 2023-05-08 22:21 | Report Abuse

Which sifu call ppl cutloss?

Posted by donnybelowski > 2023-05-08 23:21 | Report Abuse

Garbage results, garbage company. There u go.

Posted by donnybelowski > 2023-05-08 23:25 | Report Abuse

Tomorrow gap down limit down. Boom!

waynew

3 posts

Posted by waynew > 2023-05-09 06:31 | Report Abuse

Tech sector has been gloomy for quite sometime, this qr gonna be a huge blow to the core

Raiz368

1,565 posts

Posted by Raiz368 > 2023-05-09 08:29 | Report Abuse

Will fall below RM1.00 soon....sell off before become death stock

Cakes Moon

6,801 posts

Posted by Cakes Moon > 2023-05-09 09:20 | Report Abuse

OMG!!! Business fall sharply!!!

lloydlim

3,920 posts

Posted by lloydlim > 2023-05-09 09:29 | Report Abuse

Catching falling knife ke?

Phoebe

406 posts

Posted by Phoebe > 2023-05-09 09:37 | Report Abuse

I will start looking when it reach Rm1.20.
Mr. Pang, which sifu?

monetary

4,349 posts

Posted by monetary > 2023-05-09 09:59 | Report Abuse

Another cun2 call by the Jap!

brandon99

150 posts

Posted by brandon99 > 2023-05-09 10:42 | Report Abuse

Official statement on prospects:

B3. Prospects for the Financial Year Ending 31 December 2023
Considering the semiconductor market outlook remains soft, 2023 remains a challenging year for the Group. The inventory level remains high and may take a longer period to digest, hence causing further deferment of expansion plans and uncertainty in capex spending as well as capacity ramp-up schedule in the market.
Nevertheless, we remain committed to our long-term business strategy to strengthen our position as a comprehensive solution provider to unlock a larger market share through the new product deployment.
In SEBU, our equipment platform designed for Mobility and Wearables segment, together with the introduction of the new Artificial Intelligence (AI) enabled product line, shall continue to contribute to the top line in 2023. The advanced Multiple Bin Sorting and Laser Bonding technology for High-Performance Computing (HPC) segment would form another significant revenue stream in the year. We are also continuously pursuing in the Power and Automotive segment to provide a multi-faceted solution for the industry.
In SMBU, we expect the momentum to gradually improve in the 2nd half of 2023 when most of our key customers will be launching their new products. The Mobility and Wearables (Smartphones, 5G and IoE), Automotives and High-Performance Computing (HPC) segments will remain our strong focus for an upside growth in the year.
Barring any unforeseen circumstances, we remain cautiously optimistic about the Group’s prospects for the financial year ending 31 December 2023. If the short term global economic headwinds improve, the robust growth momentum of the semiconductor industry will return.

Posted by NatsukoMishima > 2023-05-09 12:18 | Report Abuse

I already take profits when MI hit rm 2.xx as i said before MI will hit rm 2 , u can refer back my comments !

Income

10,336 posts

Posted by Income > 2023-05-09 12:20 | Report Abuse

Pang72, your mi goreng Diarrhoea

Posted by NatsukoMishima > 2023-05-09 12:21 | Report Abuse

Now u should buy ranhill , swift haulage , gtronics , dnex , vstecs .

Iwcity also if u can bear for some risks !

家俊

141 posts

Posted by 家俊 > 2023-05-09 16:22 | Report Abuse

Posted by NatsukoMishima > 2022-09-05 13:17 | Report Abuse

MI become penny stock soon , 60 sens coming !

家俊

141 posts

Posted by 家俊 > 2023-05-09 16:29 | Report Abuse

the drop struggle on 0.618(short time frame) but just for like 2 hours then fall sharply LOL
but i think it will go up la. based on purely TA at high time frame
https://www.tradingview.com/x/NYsgRD6d/

if not then really something happen behind d. hehehe
else really gg for this counter.

curiousq

779 posts

Posted by curiousq > 2023-05-09 16:31 | Report Abuse

OMG!! get poisoned after eating mee busok

家俊

141 posts

Posted by 家俊 > 2023-05-09 16:33 | Report Abuse

sorry the struggle at 0.618 is not 2 hour. but 30min !
really weak support.

家俊

141 posts

Posted by 家俊 > 2023-05-09 16:35 | Report Abuse

and among all same industry.
this counter drop the most.

why a? can someone explain

家俊

141 posts

Posted by 家俊 > 2023-05-09 16:40 | Report Abuse

hopefully some good new from china market coming up before public bank start selling

otherwise it will become penny stock as natsuko said.

Shines

2,729 posts

Posted by Shines > 2023-05-09 17:43 | Report Abuse

All share price manipulations, lower profit only take the opportunity to throw, Loss 300mil share price up 17%

lloydlim

3,920 posts

Posted by lloydlim > 2023-05-09 18:09 | Report Abuse

Let the price free fall guys, don't catch the falling knife.

Phoebe

406 posts

Posted by Phoebe > 2023-05-10 10:11 | Report Abuse

2Q also will be soft as per the QR prospect......winter in coming.

Davidl

1,804 posts

Posted by Davidl > 2023-05-10 11:42 | Report Abuse

Patiently wait at price around 1.00

Income

10,336 posts

Posted by Income > 2023-05-10 19:39 | Report Abuse

Mi goreng tak goreng lagi… becoming more like mee sup sejuk???

Phoebe

406 posts

Posted by Phoebe > 2023-05-11 07:31 | Report Abuse

Still waiting for my RM1.20.......but after looking at the recent results, suddenly felt the fair value is only 90c now.....lol. Anyway, let's see if it can touch RM1.20 @^_^@ meow.....

lloydlim

3,920 posts

Posted by lloydlim > 2023-05-11 11:49 | Report Abuse

Why stop selling?

Posted by zerosumplayer > 2023-05-11 15:10 | Report Abuse

The result is indeed very disappointing.

Stocker

1,473 posts

Posted by Stocker > 2023-05-12 10:13 | Report Abuse

rebound from bottom?

Stocker

1,473 posts

Posted by Stocker > 2023-05-12 11:03 | Report Abuse

Break 1.41 fly?

Stocker

1,473 posts

Posted by Stocker > 2023-05-12 11:08 | Report Abuse

Lai liao~

Posted by GAINERS702 > 2023-05-12 11:56 | Report Abuse

any news for the rebound?

家俊

141 posts

Posted by 家俊 > 2023-05-12 12:23 | Report Abuse

lai liao all in

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